Nikkei soars in Asia

Nikkei soars in Asia

On Thursday, Asian equities demonstrated mixed performance, with market participants digesting the regional effect of the Trump administration's tax initiative.

The Nikkei 225 tacked on 0.34%, Australia's S&P/ASX managed to earn 0.10%, while the Shanghai Composite edged down 0.09%. Besides this, the Hang Seng index relieved 0.33%.

On Thursday, Chinese insurer ZhongAn Online debuted on the Hong Kong Stock Exchange. It rallied to   HKD68.15, soaring 14.2%. The company’s underpinned by well-known names such as Ping An Insurance Group\'s Ma Mingzhe, Alibaba Group Holding\'s Jack Ma and  Tencent Holdings\' Pony Ma.

Overnight, the Dow Jones industrial average concluded steeply higher, driven by a jump in financials amid soaring hopes that the Fed will lift rates for third time later in 2017.

As for the Dow Jones Industrial Average, it closed higher showing 22,344.48. Additionally, the S&P 500 concluded 0.41% higher and the Nasdaq Composite hit 6453.26, gaining 1.15%.

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